HBK Sorce Advisory LLC Has $700,000 Position in Alliant Energy Corporation $LNT

HBK Sorce Advisory LLC reduced its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,582 shares of the company’s stock after selling 631 shares during the period. HBK Sorce Advisory LLC’s holdings in Alliant Energy were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Horizon Investments LLC lifted its holdings in Alliant Energy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock worth $235,000 after purchasing an additional 172 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its stake in Alliant Energy by 4.8% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock worth $230,000 after acquiring an additional 176 shares during the period. Financial Advisors Network Inc. increased its stake in Alliant Energy by 4.1% during the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company’s stock worth $305,000 after acquiring an additional 188 shares during the period. Exchange Traded Concepts LLC increased its stake in Alliant Energy by 1.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 14,412 shares of the company’s stock worth $871,000 after acquiring an additional 193 shares during the period. Finally, Leavell Investment Management Inc. increased its stake in Alliant Energy by 3.4% during the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company’s stock worth $390,000 after acquiring an additional 200 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. UBS Group upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $74.00 to $79.00 in a research note on Friday, October 24th. Bank of America raised their price objective on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. BMO Capital Markets raised their price objective on Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.56.

Alliant Energy Trading Down 1.6%

LNT opened at $66.82 on Friday. The company’s 50 day moving average is $66.30 and its 200-day moving average is $63.74. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $69.75. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The company has a market cap of $17.17 billion, a P/E ratio of 20.62, a PEG ratio of 3.20 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same period last year, the company posted $0.57 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.